Walt Disney officials on Thursday slammed California officials for not allowing Disneyland to reopen, and the company reported a million 600 million loss in the fourth quarter.
“We are very disappointed that the state of California has continued to shut down Disneyland,” Disney CEO Bob Chappe said, referring to California’s epidemiological guidelines.
His comments came during an investor presentation on Thursday by Christine Marcarty, Disney’s senior executive president and chief financial officer, who said Disneyland would not open until the end of the year.
Chappeck noted that the company is able to safely reopen parks, including Disney World, in Orlando, Fla.
A group of mayors in California wrote a letter to the government. Gavin News
Gavin Newsmat op Latino group called Paddilla Harris’s Senate replacement The Hill’s Morning Report – Obamacare as front and center; Transition hurdle continues Pressure on California governor increases More names to replace Harris (D) Earlier this month, requested lighter guides for theme parks such as Universal Studios and Disneyland, so they could reopen soon.
The mayor cited concerns such as layoffs that could continue if the lockdown continues. Disney has laid off 28,000 employees in California and Florida.
Officials in populated areas such as Los Angeles are in talks to tighten epidemic controls as the cold and flu season closes, the Los Angeles Times reported.
Los Angeles County has now recommended that anyone traveling for the holidays must be quarantined for 14 days when they return, even though officials are discouraging travel for Thanksgiving.
With minimal park capacity and massive shutdown cruise line operations, Disney lost nearly 80 580 million in the fourth quarter and 1. 1.7 billion for the full year.
Still, fourth-quarter losses were offset by Disney’s streaming service Disney Plus, which has reached 73 million subscribers.
“It’s definitely been a year in our lifetime, and unlike in the history of Disney’s Disney Co., it’s been a year.”
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